Winnova Co.,Ltd announced that it has received KRW 6.5 billion in funding from Jaanh Cosmetics,Inc.
April 22, 2021
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Winnova Co.,Ltd announced a private placement of series 3 unregistered convertible nonguaranteed detachable private bond with warrants for gross proceeds of KRW 6,500,000,000 on April 23, 2021. The transaction will include participation from returning investor Jaanh Cosmetics,Inc. (KOSDAQ:A219550). The bonds will mature on April 22, 2031. The bonds carry coupon rate of 0% and interest to maturity of 5% per annum. The bonds are fully convertible into 108,333 shares each of the company at a conversion price of KRW 60,000 per share. The conversion period for the bonds will be April 23, 2022 till March 22, 2031. The payment date and subscription date is April 23, 2021. The transaction has been approved by the board of directors of the company.
DYD Co Ltd, formerly DYD Daeyang Ltd, is a Korea-based company principally engaged in the cosmetics distribution business. The Company distributes basic and color cosmetics such as eyeliner, mascara, blusher and others. The Company also distributes personal care products such as hair care and skin care, among others. The Company imports overseas brands such as Kiss Me, CANMAKE, BCL and others and supplies them to distribution channels such as Health and Beauty (H&B) stores, online stores, and duty-free stores, among others.
DYD CO.,LTD. 
